Technology is impacting how professionals in a variety of industries in New York operate nowadays, including those who own and lease nonresidential property. In the commercial real estate world, the specific type of technology that is starting to gain ground...
Your Neighborhood Real Estate Law Firm
Commercial Real Estate
Commercial real estate differs from residential properties
Individuals in New York usually view investing in residences as the same as investing in business properties. In reality, these two types of investing are very different. Here is a glimpse at what makes residential real estate and commercial real estate investing...
Problems with the closing could cause legal and financial issues
Buying or selling property in New York is a complex process. Real estate is expensive, and once you find the right buyer or the right property, you understand the importance of making sure you do not have any complications to delay closing. When there are issues with...
Is an easement affecting the way you can use your property?
It can come as a surprise for many New York property owners to learn that an easement could affect the use of their property. Whether you already own the property or you are considering purchasing property with an easement, it is helpful to learn what this means and...
Commercial real estate affected by multiple factors
The property industry across the country, including in New York, is going through constant change as a result of various factors. Some of the changes taking place are presenting challenges to today's commercial real estate investors, whereas others are presenting...
More foreigners showing interest in commercial real estate
Recent research indicates that a growing number of foreign investors are interested in buying non-residential properties in the United States, including in New York. According to a study, about 20 percent of real estate agents who facilitate commercial real...
Commercial real estate mistakes may prevent a sale
The process of selling a business property is not always straightforward. Unfortunately, common selling mistakes may make it impossible for a seller to unload his or her commercial real estate property. Here are a couple of mistakes to avoid when selling a piece of...
Blockchain technology will likely impact commercial real estate
The fluctuations that have taken place in cryptocurrency have understandably made some investors and real estate professionals nervous. However, many real estate brokers in New York and elsewhere have reason to think that cryptocurrencies will drastically change...
Commercial real estate deal allows NYU to expand downtown space
New York University recently completed a commercial property deal for extra space at a popular Downtown Brooklyn center. The commercial real estate transaction involves a space that spans 26,000 square feet. As a result of the deal, the university will end up...
Commercial real estate standards loosening up
For investors in New York who are interested in owning properties, there's good news. Banks recently eased their standards for loans for commercial real estate. This is the first time they have done this in nearly three years. During the past year, banks have...